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AUD/USD nears top of three-session range - orders

AUD/USD higher since the start of US trading

The Australian dollar is on an upswing on Russia worries. It reached as high as 0.7239 from 0.7210 at the start of US trading.

Bids:

  • 0.7190/85 - session lows
  • 0.7159 - Nov 23 low
  • 0.7150 - medium demand

Offers:

  • 0.7242 - 61.8% retracement of 0.7382-0.7016 range
  • 0.7250 - large offers - Nov 20 high
  • 0.7270 - late-Oct high
  • 0.7300 - Offers ahead at Oct 22 high of 0.7297

The upside potential is limited by a tough stretch of reported offers and technical resistance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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